Sensex Slumps 500 Points in Brutal Trading Session
Sensex Slides 500+ Points, ₹3 Lakh Crore Vanishes in Market Rout: Dalal Street came under heavy selling pressure on Thursday, delivering a sharp shock to investors on the Sensex expiry day. Markets opened lower, remained volatile throughout the session, and ended firmly in the red. Nearly ₹3 lakh crore of investor wealth was wiped out in a single day, triggering caution across the market.
The BSE Sensex fell 503.76 points to close at 83,313.93, while the NSE Nifty slipped 133.20 points to 25,642.80. Although midcap stocks recovered slightly from their lows, overall sentiment stayed weak.
Global cues weighed on markets as Asian indices declined sharply. South Korea’s KOSPI dropped nearly 4%, Japan’s Nikkei fell about 1%, and the US Nasdaq had earlier slipped 1.5%. Technology stocks faced selling pressure amid valuation concerns in the AI sector.
Disappointing Q3 results also hurt sentiment, with several companies missing expectations. With budget and trade deal optimism already priced in, investor focus has shifted to earnings and high valuations, especially in midcap and smallcap stocks.
Markets remained cautious ahead of the RBI’s policy meeting, with investors closely watching the central bank’s outlook on growth, inflation, and liquidity.
ALSO READ: Canara Bank FD: ₹1 Lakh Deposit Can Earn ₹39,750 in Interest
